The BTRN on Wednesday announced that its assets -- which had been previously placed in receivership by a Delaware court and put up for sale following an executive's involvement in a civil suit brought by the Securities and Exchange Commission -- had been acquired by an Arlington, Texas, holding company, Center Post Holdings.

The terms of neither sale were available Thursday.

Forte, who now splits his time between Lyme, and Sarasota, Fla., is buying the station using an entity called Forte Family Broadcasting. Beginning Nov. 4, his organization will operate the local station under a "local marketing agreement," the release said, until Forte can secure approval from the FCC, which could happen as soon as December.

"I am excited to be able to buy such a heritage station in Connecticut, and look forward to making the 50th anniversary year (2014) of WGCH a successful and even more profitable one," Forte said in the statement.

"My love for radio began in college, when I worked both on-air and in sales," said Forte, who attended the University of Connecticut.

"Now I'll be able to draw on my business experience in marketing and advertising to expand WGCH's client base and enhance its presence in the community."

Current plans are to keep and expand the local news and sports coverage and syndicated talk format. The station broadcasts around the clock and is licensed to Greenwich and part of the Stamford-Norwalk market; it reaches listeners in both Fairfield and

BTRN last year became entangled in the legal troubles of its former CEO, Michael Metter, who was charged with securities fraud related to his tenure as CEO of another company, Spongetech Delivery Systems. The fraud charges against him were dismissed, and he pleaded guilty in January to one count of failure to disclose to regulators some $250,000 he received from the sale of Spongetech stock between 2007 and 2009. He was fined $100 and received five years' probation.